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20121201
20121231
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some gross domestic problems. japan's gdp has contracted two quarters in a row, signaling it has entered recession. a recent territorial dispute with the chinese government and struggles following last year's tsunami continue to hurt japan's export market. an election next week in japan could have a large effect on fiscal policy. reports say delta is close to landing a deal that will give the airline a 49% stake in virgin atlantic. bloomberg reports talks between delta and singapore airlines, which is looking to sell its stake in virgin, are advancing. the deal is estimated to cost between $300 and $500 million. it could mean a step up for delta's business, due to virgin atlantic's high volume of premium passengers. apple and google reportedly are forming a rather odd alliance. the two rivals are making a joint bid for a bundle of kodak patents. according to bloomberg news, the combined bid is $500 million. kodak could get an $830 million loan to get out of bankruptcy by selling its patents. holiday hiring is on track to set a record this year. retailers have added more than 619,
amount of u.s. debt at $5.48 trillion. china owns the most government debt, around $1.16 trillion. japan is a close second by around $1.13 trillion, and brazil rounds out the top three with $255 billion dollars worth of u.s. debt. meanwhile, economists say u.s. investors are buying debt from countries in europe instead of the u.s., which could signal that investors are less afraid of the euro crisis than before. 6 million americans will soon get money from credit card companies. american express, discover and capital one were all caught in a government crackdown on deceptive credit card practices and will now have to pay back customers a collective $435 million in refunds. american express is already refunding customers, some of whom were charged higher late fees or never received reward money they were promised. some of the refunds are coming by check, others will be on credit card statements, but all the money should be paid back by march. a decision on a record fine for ubs could come today. bloomberg reports ubs could be bracing to pay a $1.6-billion fine this week. the claims filed
to safety on the u.s. dollar. japan right now, we just had the election there. we are seeing what they are doing over there. they are devaluating the yen. the reason for that is they need to export. the yen is too strongly priced. their exports aren't going out. so they are doing a good job with that. also we are seeing the british pound - there's not a lot of comfort zone in there right now - we are seeing it come off of the $1.62 range. we are looking at the euro. the euro is definitely probably - "definitely probably" going to break under the $1.30 range, probably by the first week in january is what we are hoping for on that. > what about oil? > > what we saw was oil did break above $90 last week. that is part of the past. what we are looking at now is oil, there is a lot of oil inventory right now. we are 76% above where we were year-to-date last year. so right now what we are looking at is probably in the mid-to-lower $80s, hopefully by the end of this week. that would be sweet at the pump for all of our consumers. > they would love that gary. thanks for bringing that good w
Search Results 0 to 2 of about 3